Charterhouse's Cooper-Vemedia buys 12 Sanofi brands for €158m

The assets acquired by Cooper-Vemedia include dermatology, well-being and eyecare products that are primarily sold across France and Italy.

The transaction marks the second notable acquisition by the group since Charterhouse bought Cooper from investment company Caravelle in October 2015, in a deal believed to be worth in the region of €700m. The GP then acquired Dutch over-the-counter pharmaceuticals business Vemedia from IK Investment Partners in July 2016 and subsequently merged the two companies.

Charterhouse is invested in Cooper-Vemedia via Charterhouse X, a €2.3bn vehicle that held its final close in November 2016.

Company
Founded in 1973, Paris-headquartered Sanofi is a life sciences and pharmaceuticals company. The wider group generated a turnover of €35bn in 2017, according to publicly available documents, with an operating income of €5.8bn.

People
Cooper-Vemedia – Francis Doblin (CEO).

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